(A) A vacancy occurs in the office of President by reason of resignation, failure of one to be elected or to qualify, death, permanent physical or mental disability, conviction of a disqualifying crime, abandonment of office or removal from office, or by removal of his or her residence from the village.
(B) If a vacancy occurs in the office of the President during the President’s term, the vacancy shall be filled for the remainder of the term at the next election of Trustees, unless the vacancy is filled by a special election as provided by statute.
(C) During the period from the time that the vacancy occurs until a President is elected and has qualified, the vacancy may be filled by the election of an Acting President by the Board of Trustees.
(D) The Acting President shall be paid the President’s salary for the period of time served as Acting President.